R22 Group finalizes acquisition of Kei.pl for PLN 22 mln

The H88 company, part of the R22 Group, has acquired a 100 percent stake in Kei.pl, which provides domain hosting and sales services. The value of the transaction is approximately PLN 22 million, R22 reported. "According to estimated data, in 2017 Kei.pl generated about PLN 8.8 million of revenue and PLN 2.9 million in normalized EBITDA. Kei.pl has over 10,500 hosting subscriptions and services over 18,000 domains," the company press release read. “Kei.pl integration with the R22 hosting segment will generate several hundred thousand zlotys in annual savings and increase revenues thanks to the integration of the offer, including in particular the sale of additional services," said President Jakub Dwernicki. The R22 group is a holding of technology companies. The Group focuses on scalable services offered in the subscription model and SaaS (Software as a Service). The company made its debut on the Warsaw Stock Exchange in December 2017.